(TSX.V: TXR; Frankfurt: TX0) has received assay results from a channel sampling program undertaken at its Central Canada gold property in Ontario during the fall of 2010. The current channel sampling program followed up on assay results from prospecting undertaken at Central Canada in early 2010 that returned a grab sample of 39.6 g/t gold. Highlights from the current program include an interval of 2.0 m @ 2.51 g/t Au, which includes 0.45 m @ 7.5 g/t Au. The Central Canada property consists of seven claims totaling 3.8 sq km, straddling the southern margin of the Archean Marmion Batholith, in a similar geological environment to the nearby Hammond Reef gold deposit, presently being explored by Osisko Mining Corporation.
One hundred and twenty-three channel samples were collected over a strike length of approximately 120 m, perpendicular to a series of easterly trending quartz-carbonate-pyrite veins and felsic dikes. Twenty-four samples contained anomalous gold (20 ppb or higher), with a high value of 7.5 g/t Au. The lowest values were below detection levels. Four separate anomalous intervals were obtained, namely;
- 2.0 m @ 2.51 g/t Au (including 0.45 m @7.5 g/t Au);
- 12.0 m @ 334 ppb Au;
- 6.2 m @ 325 ppb Au; and
- 2.65 m @ 754 ppb Au.
TerraX Minerals Inc.